With increasing prosperity and economic growth during the last ten years or so mainland Spain, or the Peninsula as the Canarios call it, has become an increasing force both from a tourism and property investment viewpoint.
While growth is slowing down just now, particularly in the construction sector, it is anticipated that the Spanish economy will trundle along at no less than 3% growth annually for the next two years. Then it is reckoned that the economy will be again poised for take off. Spain is different. España es diferente.
It is entirely logical and to be expected that the mainlanders should holiday in the Canary Islands and purchase their retirement and holiday homes here.
The islands, particularly Tenerife, have everything to offer to the discerning tourist and, being part of the Kingdom of Spain means that the Spanish are spending their money in house something that makes excellent national economic sense!
There will be a general election in Spain on the 9th March next.
Now is certainly a good time for mainlanders and others to invest in Tenerife.
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